Asked by Anonymous
I've saved up about $150k in CPF OA, $55K in SA, $235k for buying house + reno. I earn just short of $6k gross per month now. Plan to purchase resale HDB in 2nd half of this year, as my preferred flats reach MOP then.
My siblings and I inherited land overseas but shared among 6 of us. We've been trying to dispose it for a few months now, but lots of red tape, admi, bureaucracy and hassle. We're all Singaporeans. Living all our lives here. May not get much from the land in the end. A burden essentially.
1) Will I be able to be eligible for Government Grants if I purchase a resale under Single Scheme?
2) Will I be able to use all my CPF to service purchase price of flat?
3) Will I be able to get a HDB loan?
4) If I don't get loans, what price range of flats should I consider purchasing? Is $400k possible on what I've saved up? I'm putting aside $5k for processing cost like OTP, stamp duty, legal fees etc. Is that too much/little?
Any advice would be appreciated. THANKS!
My siblings and I inherited land overseas but shared among 6 of us. We've been trying to dispose it for a few months now, but lots of red tape, admi, bureaucracy and hassle. We're all Singaporeans. Living all our lives here. May not get much from the land in the end. A burden essentially.
1) Will I be able to be eligible for Government Grants if I purchase a resale under Single Scheme?
2) Will I be able to use all my CPF to service purchase price of flat?
3) Will I be able to get a HDB loan?
4) If I don't get loans, what price range of flats should I consider purchasing? Is $400k possible on what I've saved up? I'm putting aside $5k for processing cost like OTP, stamp duty, legal fees etc. Is that too much/little?
Any advice would be appreciated. THANKS!
1117 views
